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Pushing for its extension, Punjab among top beneficiaries of GST compensation

This amount constitutes approximately 6.9% of the total GST compensation of ₹6.64 lakh crore released by the central government to states during the period. Only four states – Maharashtra, Karnataka, Gujarat, and Tamil Nadu, in that order - received more goods and services tax compensation than Punjab, according to a written reply submitted by the finance ministry in Parliament recently.

Punjab, which is strongly pushing for an extension of the goods and services tax (GST) compensation cess beyond March 31, 2026, was among the largest beneficiaries of the compensation payments offered to states for transition to the new indirect tax regime. (PTI File)
Updated on Dec 06, 2024 10:50 PM IST
By, Chandigarh

Chandigarh’s excise department misses revenue target by 36-cr: CAG audit

The CAG report also stated that the department has consistently failed to meet its targets since 2019-20 financial year

The report was acquired by RTI activist RK Garg under the RTI Act. (HT File)
Updated on Nov 13, 2024 06:06 AM IST
By, Chandigarh

Chandigarh STA failed to achieve targets in 2021-23: Audit report

According to the report, the Chandigarh administration’s finance department set revenue receipt targets for the STA at ₹64 crore for the financial year 2021-22 and ₹70 crore for 2022-23

The STA stated that defaulting vehicles have been blacklisted and will be challaned if found operating on the road. (HT file photo for representation)
Updated on Jun 12, 2024 09:06 AM IST
By, Chandigarh

UT falls 800 cr short of projected tax revenue

According to figures from the Comptroller and Auditor General of India (CAG) available with Hindustan Times, up to February 2024, the total revenue achieved was ₹5420 crore out of the budgeted ₹5919 crore

Revenue expenditure reached 106% by February 2024, while capital expenditure was only <span class='webrupee'>₹</span>350 crore, leaving a significant portion unspent. (HT photo)
Updated on Apr 01, 2024 08:18 AM IST
By, Chandigarh

At 1.87 lakh crore, GST continues to impress

What are the key takeaways from the latest GST collection number? Three things can be listed.

A healthy growth in GST collections, when read with other indicators such as the Purchasing Managers’ Index (PMI) manufacturing for the month of April reaching a four-month high suggests that the Indian economy is still not losing momentum. (Mint Print, iStock Photo)
Published on May 02, 2023 07:08 PM IST
ByHT Editorial
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